Income StatementBalance SheetCash FlowSegments
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NRG Energy Income Statement

Revenue, expenses, and profitability over time

NRG Energy generated $32.4B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $239.0M with a 0.74% net margin. Gross margin stands at 16.45% and operating margin at 3.21%. Diluted EPS is $0.92, which declined 0.9% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$32.4BGross Profit (TTM)$5.3BOperating Income (TTM)$1.0BNet Income (TTM)$239.0MEps Diluted (TTM)$0.92
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$26.5B
P/E Ratio110.79
ROE6.25%

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Net Income Allocated to Common (Diluted)$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Net earnings to common$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Net Income Available to Common Stockholders (Diluted)$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Net Income Available to Common Shareholders$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Net income$643.0M$750.0M-$104.0M$152.0M$66.0M$125.0M
Preferred stock dividends$16.0M$17.0M$17.0M$17.0M$16.0M$17.0M
Net income attributable to common stock$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$627.0M$733.0M-$121.0M$135.0M$50.0M$108.0M
Acquisition-related transaction and integration costs$8.0M$8.0M$43.0M$8.0M$15.0M$45.0M
Gain Loss On Sale Of Other Assets$0.0-$7.0M$0.0$0.0-$18.0M$0.0
Other income, net (Note 6)$6.0M$14.0M$4.0M$10.0M$40.0M$40.0M
Net additions (releases) charged to costs and expenses$78.5M$56.0M$57.0M$88.0M$71.0M$59.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.10$3.70$-0.62$0.70$0.31$0.52
Diluted earnings per share$3.10$3.61$-0.62$0.69$0.33$0.52
Weighted-average shares, basic—198M196M193M—207M
Weighted-average shares, diluted—203M196M195M—208M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.9B$2.0B$1.1B$1.4B$1.4B$1.4B
Operating income$954.0M$1.1B$0.0$414.0M$297.0M$328.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges$6.0M$14.0M$4.0M$10.0M$40.0M$40.0M
Interest expense$123.0M$163.0M$148.0M$187.0M$243.0M$285.0M
Equity Method Investment Impairment$1.8M$9.8M$9.8M$9.8M$9.8M—
Other income (expense), net-$239.0M-$149.0M-$153.0M-$176.0M-$233.0M-$245.0M
Impairment on Equity Investment$1.8M$9.8M$9.8M$9.8M$9.8M—

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$715.0M$985.0M-$153.0M$238.0M$64.0M$83.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$72.0M$235.0M-$49.0M$86.0M$0.0-$42.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Segment Items$6.0M$12.0M$4.0M$10.0M$42.0M$40.0M
Selling, general and administrative$606.0M$549.0M$724.0M$612.0M$717.0M$593.0M
Total operating expenses$5.9B$7.4B$6.7B$7.2B$7.4B$9.9B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$4.9B$6.6B$5.6B$6.2B$6.3B$8.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$6.8B$8.6B$6.7B$7.6B$7.8B$10.3B